Publishing an update to an unsuccessful projection with NYSE:NEP last month. It was sitting at the 200MA and it's most recent drawdown had triggered a fear signal. These are less common in the utilities sector, which made it look like a decent contrarian opportunity. Throughout the remainder of March we saw a rotation out of safety sectors like utilities and...
Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company...
ComED is on the edge of completing the 1.618 extension of this Perfect Bearish AB=CD:
So long as it can hold above the 1.13 everything should be fine. I will be playing this via options by buying some calls in the $40s that are a couple months out and when the 1.618 is hit i will consider flipping my position.
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including...
The utilities sector is a great defensive play in the equity markets right now.
The trend is your friend and in this case the trend is upward.
Utilities have cleared through resistance and are setting up to make new highs.
This is a buy.
A beautiful, self explainatory chart. I have started a long position based on this weekly trendline (orange) being hit with high velocity, expecting a decent bounce.
Disclaimer : Educational idea only. Not a financial advice. Consult your CFA for financial advice.
PG&E Corporatio n
Short Term - We look to Buy at 12.25 (stop at 11.57)
Price action has formed an expanding wedge formation. This is positive for sentiment and the uptrend has potential to return. Support is located at 12.00 and should stem dips to this area. Preferred trade is to buy on dips.
Our profit targets will be 13.79 and 14.50
Resistance: 14.00...
The chart above is a weekly chart of the entire price history of the PHLX Utility Sector (UTY). (The PHLX part of the name is just an historical reference to the Philadelphia Stock Exchange, which is now part of the Nasdaq.)
I chose this specific ticker over other utility tickers like XLU or VPU because it provides more historical data and therefore a more...
It's always about power.
Utilities are eyeing all time highs.
With this mornings sell off, XLU formed an inverse head and shoulders.
The 162% profit target for the structure lines up perfectly with an Ascending Triangle forming on the daily and all time highs.
Smash the Boost if you like these ideas.
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Kenon passed the zscore test in the utilities sector, This sector seems to be robust against the rise in interest rates, it is priced at the same P/E as the S&P, but is well below the valuation of other sectors. This sector is also armored against shocks from the international scenario as its sales depend mostly from local sources of income.
Duke Energy
Short Term -We look to buy at 105.90 (stop at 102.26)
Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close...
Double bottom with huge volume. Looks bullish. Higher highs. What else do you want? Jump in for a ride to 150. I would love to see a pull back towards mid 50s before it rides back up.
Natural gas prices going up big time.
Utility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.
